Twitter founder giving mayors $15 million to fund ‘basic income’ projects in their cities

Twitter founder giving mayors $15 million to fund ‘basic income’ projects in their cities

Twitter CEO Jack Dorsey is working with a group of mayors around the United States to help guarantee income for people in nearly 30 cities.

On Dec. 8, Dorsey gave a $15 million grant to Mayors for a Guaranteed Income, an initiative to eliminate poverty and help bridge the financial gap people experience during times of financial crisis, including the COVID-19 pandemic. Dorsey previously donated $3 million to the new organization in July 2020.

The idea of a basic or guaranteed income “is a monthly, cash payment given directly to individuals. It is unconditional, with no strings attached and no work […]

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